A bailee is a person who receives possession of a property or goods through a contract of bailment. Unlike a contract of sale, the bailee has to return the goods or property to the bailor, under a contract of bailment. A bailee is responsible for the safekeeping and return of the property to the bailor or otherwise disposing it off according to the contract of bailment.
A bailor is a person who transfers possession of property or goods to the custody of another (bailee), usually under a contract of bailment. A bailment is an act of transferring/placing property or goods in the custody and control of another. A bailment is created by the voluntary taking into custody or possession of goods or property which belongs to another.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
The Florida Waiver and Release for Furniture and Related Personal Property Stored by Bailee is a legal document used to release a bailee (a person or business who temporarily holds the personal property of another) from any liability for loss, damage, or theft of furniture or related personal property. This agreement is commonly used when individuals or businesses store their furniture or belongings in a storage facility, warehouse, or with a moving company. The primary purpose of the Florida Waiver and Release is to protect the bailee (storage facility or service provider) from any claims that may arise due to unforeseen circumstances, such as fire, water damage, natural disasters, or theft. By signing this waiver, the owner of the furniture or personal property acknowledges that they are aware of the risks involved and agrees to release the bailee from any liability or responsibility for such occurrences. The main components of the Florida Waiver and Release for Furniture and Related Personal Property Stored by Bailee include: 1. Names and Contact Information: The full legal names and contact information of both the owner (referred to as the sailor) and the bailee should be clearly mentioned in the agreement. 2. Description of Property: A detailed description of the furniture or personal property being stored should be included. This may consist of a list of items, their quantities, and any unique identifying features. 3. Storage Period: The agreement should specify the start date and anticipated end date of the storage period. It might also outline provisions for extending or terminating the storage arrangement. 4. Limitation of Liability: This section discloses that the bailee will not be held responsible for any loss, damage, destruction, or theft of the stored property, except in cases of gross negligence or intentional misconduct. 5. Indemnification: The sailor agrees to indemnify and hold the bailee harmless from any claims, liabilities, expenses, or damages arising from the stored property. 6. Insurance: If the bailee offers insurance coverage for stored property, the terms and conditions pertaining to it should be clearly explained in the agreement. This includes applicable deductibles, coverage limits, and the process for filing a claim. Types of Florida Waiver and Release for Furniture and Related Personal Property Stored by Bailee: 1. Short-Term Storage Waiver: Used for short-duration storage agreements, generally spanning a few weeks to a few months. 2. Long-Term Storage Waiver: Applies to extended storage arrangements, such as when furniture or personal property is stored for over six months to a year or more. 3. Commercial Storage Waiver: Specifically tailored for businesses that require storage services for their furniture or inventory. It may include additional clauses related to commercial liability and specific terms for corporate clients. 4. Moving and Relocation Waiver: This waiver is used when furniture or personal property is temporarily stored during a moving process or relocation. It may have additional provisions concerning the transportation and handling of the items. It is important to note that the content should be used as a general guide, and it is always advisable to consult with an attorney or legal professional to ensure the agreement aligns with individual circumstances and complies with state-specific laws and regulations.
